ARTICLE
9 August 2016

12 Common 10-K Mistakes — And How To Find Them

SM
Sheppard Mullin Richter & Hampton

Contributor

Sheppard Mullin is a full service Global 100 firm with over 1,000 attorneys in 16 offices located in the United States, Europe and Asia. Since 1927, companies have turned to Sheppard Mullin to handle corporate and technology matters, high stakes litigation and complex financial transactions. In the US, the firm’s clients include more than half of the Fortune 100.
So, fortune has smiled upon you. A partner has handed you a draft Form 10-K for a client and asked you to do a "rule check" or "form check" to confirm that no required disclosures are missing.
United States Corporate/Commercial Law

So, fortune has smiled upon you. A partner has handed you a draft Form 10-K for a client and asked you to do a "rule check" or "form check" to confirm that no required disclosures are missing.

Most often, the Form 10-K template for a reporting company has evolved over a number of years, with significant input from the company's accounting and legal professionals, and is generally in pretty good shape.

However, mistakes get made — and it's your job to find them!

Here is a list of 12 items that even seasoned reporting clients frequently omit or prepare incorrectly when drafting the Form 10-K.

Read more on this topic as published by Law360 on May 31, 2016.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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